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News Watch
Japan's Prime Minister Orders New Stimulus - 3/31/2009 8:08:02 AM

Japan's Prime Minister Taro Aso issued an order for a new stimulus package to help trigger growth in the world's second largest economy. Aso, who took office in September and has repeatedly stated that helping the nation's economy was his first priority, has already ordered two stimulus packages. While Aso didn't announce a price on the new stimulus, he did say that it will incorporate "bold new ideas." The move comes just a few hours after key economic readings indicated further deterioration in February, with the nation's unemployment rate surging to a three-year high and consumer spending spiraling lower.


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